Magnum Goldcorp Balance Sheet Health
Financial Health criteria checks 2/6
Magnum Goldcorp has a total shareholder equity of CA$3.5M and total debt of CA$3.0K, which brings its debt-to-equity ratio to 0.09%. Its total assets and total liabilities are CA$3.6M and CA$152.5K respectively.
Key information
0.09%
Debt to equity ratio
CA$3.00k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$16.00 |
| Equity | CA$3.46m |
| Total liabilities | CA$152.48k |
| Total assets | CA$3.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGI's short term assets (CA$5.0K) do not cover its short term liabilities (CA$98.5K).
Long Term Liabilities: MGI's short term assets (CA$5.0K) do not cover its long term liabilities (CA$54.0K).
Debt to Equity History and Analysis
Debt Level: MGI's net debt to equity ratio (0.09%) is considered satisfactory.
Reducing Debt: MGI's debt to equity ratio has reduced from 3.4% to 0.09% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MGI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MGI has less than a year of cash runway if free cash flow continues to grow at historical rates of 4.1% each year.